4E: Bitcoin fluctuates at a high level, with risk aversion and hawkish signals from the Federal Reserve suppressing the market
ChainCatcher message, as of June 19, 2025, 14:00 (UTC+8), Bitcoin is at $105,124, with limited fluctuations in the past 48 hours, maintaining between $103,000 and $108,000. The market continues to watch the developments in the Middle East. Bloomberg reports that the U.S. may be preparing to intervene in the conflict between Israel and Iran, triggering a rise in risk-averse sentiment, putting slight pressure on crypto assets.Meanwhile, the Federal Reserve maintained interest rates in its latest policy statement and lowered the expectation for rate cuts in 2026. Chairman Powell emphasized a "data-driven" approach and remained cautious about short-term easing expectations, which the market generally interpreted as a hawkish stance. As a result, risk assets came under pressure, gold rose, and the crypto market followed with a correction.Ethereum is at $2,525, down about 0.5% over the past 48 hours; Cardano and Solana both fell over 2.5%, while meme coins like Dogecoin and $TRUMP also declined. Overall market risk appetite has decreased, and trading volume has shrunk.On the policy front, Trump expressed support for the stablecoin regulation bill GENIUS and urged the House of Representatives to pass it as soon as possible. Although this news boosted crypto-related stocks like Circle, overall market sentiment remains conservative. 4E reminds that the current crypto market is at the intersection of macro uncertainty and regulatory transition, with short-term trends still dominated by policy and geopolitical risks. Investors should pay attention to risks and respond cautiously to market fluctuations.